Japanese government bond yields tumbled, falling the most in two decades at one point on Wednesday, as they retreated sharply from the central bank's 0.5% ceiling after policymakers decided to keep yield curve controls in place.
The 10-year yield plunged as much as 14 basis points to 0.36% at its lowest point, which would have been the biggest one-day decline since September 2003, before edging back up to stand at 0.41% as of 0546 GMT. The yield was at 0.51% prior to the Bank of Japan decision.
Ten-year JGB futures jumped when they resumed trading following the midday break, trading up as much as 1.81 points to 146.65, the highest since Dec. 20. They had dipped to 144.15 on Friday, the lowest since March 2014. The yen retreated as much as 2.6% to 131.58 per dollar on Wednesday, reversing a rally that was driven by bets BOJ stimulus was on the way out, which had pushed Japan's currency to its highest since May. The decline was the biggest one-day drop since the onset of the COVID pandemic in March 2020.surged 2.36%, on course for its best day in more than two months.
The 10-year yield has breached the BOJ's ceiling in each of the past three trading sessions, only to close back at the 0.5% limit each day. On Friday, it spiked to a 7-1/2-year peak of 0.54%.Taming yields has come at a cost, with the central bank splashing an unprecedented 10 trillion yen on bond buying operations on Friday and Monday, calling into question the sustainability of the programme.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Asia FX rises, Japanese yen hits over 7-mth high on BOJ speculation By Investing.com⚠️BREAKING: *JAPAN'S YEN EXTENDS RALLY TO REACH HIGHEST SINCE MAY 2022 ON BOJ POLICY SPECULATION $JPY 🇯🇵🇯🇵
Weiterlesen »
Japanese Stocks Fall Ahead of BOJ MeetingStocks in mainland China rose to start the week, while Japanese markets fell as the country's long-term bond yields again breached a cap set by the Bank of Japan
Weiterlesen »
Why U.S. investors can't afford to ignore Wednesday's BOJ meetingFor years, U.S. investors could largely ignore Japan and its monetary policy makers. Those days are over.
Weiterlesen »
Japanese yen tumbles, bonds rally after BOJ keeps policy ultra easyThe Japanese yen tumbled and bonds notched their biggest rally in two decades on Wednesday after the country's central bank stuck to its ultra-easy monetary policy, defying expectations that it would start phasing out its massive stimulus programme.
Weiterlesen »
Asian stocks rally on China stimulus, Japan hit by BOJ uncertainty By Investing.com*ASIAN-PACIFIC STOCKS MIXED TO START THE WEEK; CHINA SHARES RALLY ON STIMULUS HOPES 🇨🇳 🇭🇰 🇯🇵 🇰🇷
Weiterlesen »
Japan's Matsuno: Expects BOJ to continue with appropriate monetary policyJapan Chief Cabinet secretary, Hirokazu Matsuno said on Monday, he “expects the Bank of Japan (BoJ) to continue with appropriate monetary policy, tak
Weiterlesen »